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142 <br />B103a-C: Legal Aspects of This course studies California real estate law, including rights incident to property <br />Real Estate ownership and management, agency, and contracts. It also includes application to real <br />estate transfer, conveyance, probate proceedings, trust deeds, and foreclosure, as well as <br />recent legislation governing real estate transactions. The course applies toward the state's <br />educational requirements for the broker's examination. <br />Topics covered: <br />• Sources of Law the Judicial System and the Law of Agency <br />• Duties, Responsibilities and Regulations of Licensees <br />• Law of Contracts and Real Estate Contracts <br />• Property, Estates, Recording, Involuntary Liens and Homesteads <br />• Ownership of Real Property, Acquisitions and Conveyances <br />• Adjacent Property Rights, Landlord -Tenant Law and Land Use Controls <br />• Escrows and Title Insurance and Real Property Security Devices <br />Prerequisite: None <br />B104a-C: Real Estate This course provides an analysis of real estate financing, lending policies and problems in: <br />Finance financing transactions in residential, apartment, commercial, and special purpose <br />properties. Methods of financing properties are emphasized. <br />Topics covered: <br />• The Nature and Cycle of California Real Estate Finance and Money and the <br />Monetary System <br />• Fiduciary, Semifiduciary and Nonfiduciary Sources for Real Estate Finance <br />• Conventional, Insured, and Guaranteed Loans <br />• Financial Agencies, Lending Programs, Junior Loans in Real Estate Finance <br />• Loan Terms and Note Payments and Instruments of Real Estate Finance <br />• Real Estate Loan Underwriting, Processing Real Estate Loans, Loan Defaults and <br />Foreclosures <br />• The Secondary Mortgage and Trust Deed Markets <br />• Investment Financing Strategies and Mathematics of Real Estate Finance <br />Prerequisite: None <br />6105a-C: Real Estate This is an introductory course covering the purposes of appraisals, the appraisal process, <br />Appraisal and the different approaches, methods, and techniques used to determine the value of <br />various types of property. Course focus will be on residential and single -unit property. <br />Topics covered: <br />The Appraisal Profession and Real Estate and Its Appraisal <br />• The Real Estate Marketplace and the Appraisal Process <br />• Building Construction and the Environment, Data Collections and Site Valuation <br />• The Cost Approach: Reproduction/Replacement Cost and Depreciation <br />• The Sales Comparison Approach and the Income Capitalization Approach <br />• Direct and Yield Capitalization, Reconciliation and the Appraisal Report <br />• Appraising Partial Interests and Appraisal Math and Statistics <br />Prerequisite: None <br />Last Revlslon Date on <br />